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In a report published Tuesday, Morgan Stanley analyst Dmitriy Kolomytsyn reiterated an Underweight rating and $0.50 price target on
Mechel OAOMTL.
In the report, Morgan Stanley noted, “Mechel's results provided evidence of the company's urgent need for debt restructuring. However, the release did not provide much guidance/visibility on the company's future.”
Mechel OAO closed on Monday at $0.78.
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